Tue Aug 9, 2022 14:19:13

Saudi Exchange Celebrates the Listing of Alamar Foods Company on the Main Market

9 August 2022, Riyadh: Today, the Saudi Exchange celebrated the listing of Alamar Foods Company, a quick service restaurant operator in the Middle East, North Africa, and Pakistan (MENAP) region, as it lists on the Saudi Exchange’s Main Market. The listing ceremony was attended by Mr. Mohammed Al Rumaih, CEO of Saudi Exchange as well as Eng. Ibrahim Al Jammaz, Chairman of Alamar Foods Company.

“We would like to congratulate Alamar Foods Company and its management team for the listing on the Saudi Exchange as it joins the diversified portfolio of companies listed on the Main Market. The Saudi Exchange, under Vision 2030's Financial Sector Development Program, is committed to fostering a favorable environment for issuers locally and regionally, while providing investors with an unparalleled investor experience. We look forward to the company’s progress as a listed company over the year and reporting further milestones as part of the Exchange’s robust listings pipeline,” said Mr. Mohammed Al Rumaih, CEO of the Saudi Exchange.

“Under Vision 2030, our goal is to develop and operate stores that contribute to the Kingdom’s goal of economic growth, while leading operations of two globally recognized brands across the MENAP region. We are so thankful to all our employees, management and stakeholders for their support while embarking on this new journey, and we look forward to charting a new route for growth post listing,” said Eng. Ibrahim Al Jammaz, CEO of Alamar Foods Company.

In alignment with the Financial Sector Development Program, Saudi Exchange is committed to working alongside the Capital Market Authority to improve procedures and simplify requirements for companies looking to list in the Saudi Capital Market. This builds on the Exchange’s vision to elevate its position locally, regionally, and internationally, as a lucrative destination for investors and issuers.

Alamar Foods Company has issued 10.63 million shares, with an offering price of SAR 115 per share.

Alamar is a Saudi-based leading Quick Service Restaurant (QSR) operator in the Middle East, North Africa, and Pakistan (MENAP) of two globally recognized brands: Domino’s, where Alamar has the exclusive right to develop and operate in 16 Countries across MENAP, and Dunkin’, where Alamar has the exclusive right to develop and operate in Egypt and Morocco.